The Union of Gold and Jewelry Traders said the Ministry of Commerce and Industry is studying the possibility of extending the deadline given to goldsmiths and jewelry dealers to dispose of their gold stocks bearing the old stamp mark, Al Anbaa reported.

Ministry sources told the daily that the old stamp ceases to be valid on Jan 1, 2022, but the goldsmiths may be given a grace period until end July 2022.

The sources pointed out, the Ministry of Commerce has taken this decision to prevent counterfeiting.

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